Valve's Dota 2 will be officially shown to the public for the first time at this month's Gamescom convention in Cologne, Germany—the same location that will host the game maker's first Dota 2 tournament featuring a million dollar prize.

That's right. One. Million. Dollars.

"The International" tournament will pit 16 of the world's top Dota teams against each other in a double elimination playoff competition planned to run alongside the five-day-long Gamescom trade show. The winning team will walk away with a cool million bucks. Dota fans who can't attend Gamescom can watch the tournament online in Chinese, German, Russian, and English languages free of charge.

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Valve also offers an update on the release of Dota 2, which it says will be available on the PC and Mac via Steam "later this year."

Valve's Dota 2 is a somewhat controversial sequel (of sorts) to the Warcraft III mod Defense of the Ancients, a breed of real-time strategy game that requires players to channel and protect herds of computer-controlled minions as they attack an opposing force. Dota 2 development is being led by "IceFrog," one of the developers of the widely played Defense of the Ancients.